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Below is an Interesting article I found, which says that.....Do not
( G7 n0 g: |; J% gexpect much from Crude Oil producers and future is not with the
5 J, F" V$ \" G$ @8 H4 ~companies producing Jet fuels but Biofuels. Also no wonder if some of
1 G% G/ Z0 n6 m% c( w7 w# ]( U2 D$ Pthese oil producer will go bankrupt or out of the business even if
. G' i% b6 f3 Scrude prices improves. This implies also to good names such as Shell,
3 z# @, f$ O3 E6 m3 V% mEXXON, BG, BP, Cheveron ....xyz.. oils ! ^" L; N% p6 d3 A/ O1 \) v* `+ I: M" [
" b7 j; {3 b* B: FRecently OPEC reduced crude oil production twice over just a few
$ K) [; R- W- Bmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
- d$ c# p+ J& Y' B# RA year ago these things would have spiked the price of crude oil by at
- |7 h! x( U, P; E2 }1 K8 tleast $50.00 per barrel. Today, oil price declined by a record amount. 8 y4 b- t7 f7 R3 S A0 `
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8 x, \ v" v# Y8 K* Z3 r1 |There are several reasons the price of oil is decreasing in the face 8 J7 G' h" N& `
of so much news. These reasons are:
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J, l! c+ u& p' X# }: z
& r! c B% |5 a1. New oil has been found in Canada, Montana, North & South Dakota and & r! N* P" S- c
in the ocean near Brazil. Each of these oil fields has more oil than 9 i, U. r+ ?0 A. j1 j
Arabia.
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o0 B8 U' f& U
- t7 t p6 ]/ P# r2. New natural gas has been found in Pennsylvania and West Virginia. . c% G+ k" L0 X
This is the largest find in North America. - X) l2 A/ P3 v1 u/ N. L8 J
K1 `, U. @& p( x1 Y' e" A
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3. New methods of injecting CO2 and surfactants into oil wells is 4 E& `8 {# M& M4 N7 D) i
being used to double their output. : e% t1 u$ j% n" G8 \) T5 O! G. V
+ j) e2 C, I, j) K. S. z- X
% w$ h* V/ ~7 O ]4. Production of bio-fuels is beginning to reach critical mass. Bio % |& n1 v4 l$ [$ t# M
fuel is being produced from many plants and algae. The production ' ?% e% T0 H/ Y' J) o: _. f
potential per acre in some cases is astounding. Many countries are " C2 j; b4 q# c6 |" y2 m* [! V
racing to produce bio fuels. 5 Z7 Y; y4 ]( T6 W q: u1 J9 M: X
6 C M; b' G) s4 o
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5. Virtually every restaurant in the US and all food processing plants
4 k, o& W4 B% |9 j6 Dare now selling their used oil to bio-diesel producers. Every pork, 9 D2 E* c; S2 o4 ?% e/ n
cattle, turkey and chicken processing plant will soon sell their fat
1 A* F4 y- u: `( J4 k4 Qto bio-diesel producers. One pork processing plant in Oklahoma is u( i, `. s9 M& z. w6 d
producing 30,000 gallons of bio-diesel per day from pork fat. ) Y& e, N; b3 k4 | R$ d
! }2 M6 l4 z2 v& N5 B; E' A. U! t+ m
6. There are 99 nuclear reactors in various stages of planning and - c. X8 D3 f8 ]; r( N3 e% g% f
construction around the world at this time. Several hundred more are ) p) F0 ^. H* C: M
expected to be built in the future. Much of the energy they produce
4 Q* x. |( ^/ `1 j7 Iwill replace oil. * s. a/ v: N) N6 c4 Q( E
2 i& R6 O6 T6 |
) `; t5 f( ^, v
7. Every company in any form of transportaion business is replacing
, N! ~- M: \2 C) P5 Eolder equipment such as trucks, airplanes, train engines, ships, etc.
" M( ?" w1 |( y! ewith new more fuel efficient equipment. Airlines and railway companies - ~- n. F: @, |* u0 P1 o! P
are experiencing 20% to 25% better fuel econony with the new ; w: E b. T7 e4 v. x
equipment. 0 ]0 a$ f6 }8 o1 `
7 C; [$ k9 u/ H- W( [
1 [2 u; V. c8 K1 r
Airlines are flying airplanes with bio-fuel. They are finding the bio-
* m/ ]# F3 L& w3 d8 Cfuel is cleaner and performs better than jet fuel. * e1 x0 N3 ]% ^+ B
3 `9 ?( W# \5 ~' E+ Z; X3 m8 u
. O1 c1 V8 B6 G& b: _3 g5 g( B
8. Cities and counties throughout the US are selling the rights to / x, V/ g& q1 q
capture methane gas from landfills. This is a huge source of gas
- B8 S9 m. i" B" n9 O8 Mavailable at very little cost or risk. The gas is displacing crude
8 P3 b* T3 t+ moil.
7 J' A. U- Z3 G3 [1 p0 A) i# {% g; r0 U
3 A- @8 V' J# S4 t1 T F+ D# m! s/ R
9. Coal is being transformed into a clean burning liquid fuel. The CO2 9 E$ l/ [" h# D0 i5 W6 Z
produced as a byproduct is sold to oil companies for injection into
2 C5 `5 W0 z: V- Y# L+ Z, @oil wells. 9 D" _) a( [1 u( {, I* v) {# h
4 o. N8 J% y/ b/ ^; r* r0 }) H
; s# [7 j6 u8 B# W10. Solar, wind and ocean energy is displacing oil as an energy
" J/ {- c4 w) @9 i& f! m4 j) Wsource. Three new wind turbines are being erected every day in the US. * X* Q' J2 T/ ]. x4 [1 x$ k2 K+ W
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Each of the above by itself will not make a large difference in the N. [8 E8 Y1 }+ z/ F: Q. r
price of crude oil but the sum of all of them together is world ; X( }% Q) F" a! O# o1 ?, ?
changing. The important thing is that OPEC no longer has the ability
+ n) X' v& f" X$ \ S: v7 k- t; Kto control oil prices. + k) K* {9 v4 j( a: H
/ F( [0 L/ h6 _% X) f1 u$ A
4 ]) O* e* q' a/ j) m
With the above scenario, I still believe that there are under / h5 v* y4 U! s. A: R: M9 m
performed OIL companies and probably they are yet to get the justified
$ Z5 t2 ?) ~" R! N6 Tvalue .....
6 z5 _; u- ?" t6 d- c, S: \IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
# Z! H0 Y+ K9 F O6 X, M2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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